Profitable Property is excited to present this large house on a large lot in Belleville at a super discounted price point! You’d be hard pressed to find any properties in Belleville at this price point in today’s market!

Sitting on a 61 ft lot, this property could be an ideal opportunity for anyone looking for a Duplex Conversion- there is a large extension that features a basement with a 7ft+ ceiling. The property also has 2 separate driveways, providing you with ample parking for 8 cars! This property was originally a 2 storey home built in 1938, with an addition added in the early 1990s. The property is much larger than it looks, and is a perfect blank slate for investors looking to bring the property to its highest and best use.

Currently, the house is in need of a full cosmetic update along with some plumbing and electrical work. There is a sewer backup in the basement along with some knob and tube that has to be removed. An investor should also budget for junk removal and cleaning. The breaker panel has already been updated to a 100A Panel.  The Roof, Furnace and HWT are in good shape, leaving you with more money to focus on Cosmetic Renos. 

Thanks to this property’s super entry level price point, there is enough spread to spend money on a large reno/duplex conversion and still be profitable - get your hands on this profitable property today!

Closing: December 18th, 2023

• 2 Storey-Detached House with an Extension
• 61 ft x 111 ft lot 
• 2 Driveways with Parking for 8 cars in total
• 3 Bedrooms
• 2 Full Washrooms 
• 2 Large Living Areas
• Brick Exterior
• Detached Shed
• Hardwood and Tile Flooring Throughout
• 2 Entrances to the Basement from the house
• 7ft+ ceiling in Basement 
• Year built: 1938
• Extention Added: 1990s
• Taxes: $$3,293.28/year(approx)
• R4 Zoning
• Roof 2009
• 100 AMP Breaker Panel
• Furnace around 6 years old
• HWT Rental
• Most of the Windows with the exception on the basement windows have been replaced

Junk Removal, Full Cosmetic Update, Convert to a Duplex, Update Plumbing and Electrical

Call Jefin at - 647-955-2561

• With the following information:
• 1) Offer price
• 2) Deposit amount
• 3) Name and Email

We have partnered with Calvert Home Mortgage Investment Corporation

They can:

• Lend the assignment fee
• Competitive Interest Rates
• Fund Quickly
• Mortgages are fully open: No prepayment penalty & No renewal fee
• Free Valuations ($450 savings)

Let us know if this is of interest to you and we will connect you with them.